IAU Ptb Ratio from 2010 to 2024
| IAU Stock | 0.79 0.04 4.82% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 1.13155391 | Current Value 1.07 | Quarterly Volatility 221.2 M |
Check I 80 financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among I 80's main balance sheet or income statement drivers, such as Depreciation And Amortization of 9.3 M, Selling General Administrative of 22.7 M or Selling And Marketing Expenses of 7.1 M, as well as many indicators such as Price To Sales Ratio of 14.91, Dividend Yield of 0.0 or PTB Ratio of 1.07. IAU financial statements analysis is a perfect complement when working with I 80 Valuation or Volatility modules.
IAU | Ptb Ratio |
Pair Trading with I 80
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if I 80 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in I 80 will appreciate offsetting losses from the drop in the long position's value.Moving together with IAU Stock
Moving against IAU Stock
| 0.87 | FFH | Fairfax Financial | PairCorr |
| 0.83 | WCN | Waste Connections | PairCorr |
| 0.76 | CSU | Constellation Software | PairCorr |
| 0.69 | FSV | FirstService Corp | PairCorr |
| 0.52 | IFC | Intact Financial | PairCorr |
The ability to find closely correlated positions to I 80 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace I 80 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back I 80 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling i 80 Gold Corp to buy it.
The correlation of I 80 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as I 80 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if i 80 Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for I 80 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of I 80 Correlation against competitors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..